Latest news with #Grab
GMA Network
11 hours ago
- Business
- GMA Network
Grab, MOVE IT launch disaster relief initiative for drivers, delivery partners
Transport service providers Grab Philippines and MOVE IT on Wednesday launched a comprehensive disaster relief and community support initiative amid the onslaught of Southwest Monsoon or Habagat. The initiative spans immediate aid and longer-term recovery support for Grab's drivers, delivery partners, merchants, and consumers. This will be rolled out in close coordination with local government units and national agencies. In a press release, Grab Philippines Managing Director Ronald Roda said, ''Our hearts go out to the communities hardest hit by this week's inclement weather. At Grab, we believe our role as a platform goes beyond connecting services—it means showing up when it matters most.' 'We are fully mobilized to support our partners and the broader public in this time of need. Through targeted financial assistance, medical support, and relief coordination, we aim to help affected Filipinos recover safely and swiftly,' Roda added. Grab and MOVE IT have also reactivated their GrabCare and MOVE IT Malasakit programs to extend financial and welfare support to those affected by the bad weather. The assistance includes: Calamity Assistance: A one-time financial grant provided to eligible partners whose vehicles—cars or motorcycles—have been damaged as a direct result of the typhoon and severe flooding; Medical and Hospitalization Support: In partnership with Cocolife, Grab is covering emergency room and hospitalization expenses due to typhoon-related incidents at accredited hospitals; and Loan Repayment Holiday: A temporary moratorium on microloan repayments for qualified drivers operating in Metro Manila, Baguio, and Pampanga, providing immediate financial relief in heavily affected urban areas. Grab also started its coordination with various localities for upcoming relief operations and clean-up drives. It also continued monitoring of on-ground conditions to evolve response and recovery programs based on emerging needs. Moreover, Grab reactivated its GrabBayanihan program — a GrabRewards redemption initiative that enables users to convert their points into donation vouchers supporting McDonald's Kindness Kitchen and World Vision. To recall, Grab also donated rubber boats and hot meals to the locality of Marikina City, an area that is severely affected by bad weather. —VAL, GMA Integrated News
Business Insider
15 hours ago
- Business
- Business Insider
DBS Sticks to Their Buy Rating for Grab (GRAB)
In a report released today, Sachin Mittal from DBS maintained a Buy rating on Grab, with a price target of $5.68. The company's shares closed yesterday at $5.47. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Mittal covers the Technology sector, focusing on stocks such as Accenture, Grab, and Cognizant. According to TipRanks, Mittal has an average return of 24.0% and a 77.39% success rate on recommended stocks. In addition to DBS, Grab also received a Buy from Barclays's Jiong Shao in a report issued on July 17. However, on July 15, Bank of America Securities maintained a Hold rating on Grab (NASDAQ: GRAB). GRAB market cap is currently $21.76B and has a P/E ratio of 955.36. Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GRAB in relation to earlier this year.
GMA Network
a day ago
- Climate
- GMA Network
Grab donates rescue boats, hot meals in Marikina
Grab Philippines on Tuesday donated motorized rescue boats to the local government of Marikina City in a bid to provide support to the city's disaster preparedness and risk management. Grab also provided more than 4,000 hot meals to various evacuation centers in the city to support families affected by the bad weather. These donation efforts form part of Grab's broader community resilience efforts, particularly in areas that are vulnerable to seasonal disasters. 'We believe that bayanihan is more than just a Filipino tradition—it is a shared duty we uphold, especially in times of need. We remain steadfast in identifying communities where support is needed most and stepping in with urgency and malasakit,'' Grab Philippines managing director Ronald Roda said in a press release. ''Marikina, long vulnerable to the forces of nature, is one such community. This donation is one way we're turning that commitment into action,'' he added. Marikina City Mayor Maan Teodoro thanked Grab for its assistance to the local government. ''Higit ito sa simpleng kagamitan. Ito ay simbolo ng malasakit at pagtutulungan sa pagitan ng pamahalaan at pribadong sektor tungo sa mas matibay na kahandaan sa panahon ng sakuna. Sana nga po ay hindi na namin magamit o kailanganing gamitin ang mga ito. Pero malaking ginhawa ang malaman na handa tayo kung kinakailangan,'' Teodoro said. The Southwest Monsoon (Habagat) continued to affect the country on Tuesday, dumping rains over several areas which have led to flooding and swelling of rivers. The water level of Marikina River reached the critical third alarm with 18.3 meters on Monday evening. — Ted Cordero/BM, GMA Integrated News
New Straits Times
2 days ago
- Business
- New Straits Times
#TECH: New GrabRewards update gives users even more ways to earn
GRAB Malaysia has introduced updates to its GrabRewards programme, giving users new ways to earn more GrabRewards and maximise value across the platform. Grab users can now collect additional GrabRewards just by completing certain actions on GrabFood, such as hosting group orders, ordering for breakfast or tea time and ordering from Signature restaurants on GrabFood. Additionally, a new 'burn toggle' is now available on GrabFood and GrabMart, allowing users to redeem lower denominations to offset their bill. MORE WAYS TO EARN GRABREWARDS Users can earn GrabRewards by completing these actions: *Minimum group size of three. **For orders made from 8-10am and 2-4pm. Minimum spend of RM15, capped at 350 GrabRewards. Monthly redemption limit of 10 per user. ***Minimum spend of RM25, capped at 350 GrabRewards. Monthly redemption limits of 10 per user. KEY FEATURES To activate offers on GrabFood or GrabMart, tap on 'Offers' before placing an order. Users can check multiple offers and click 'Apply' to stack GrabRewards earnings. To redeem GrabRewards, simply click on the new 'burn toggle', which allows users to offset the cost of their bill. The toggle now supports lower denominations, giving users more opportunities to save. To check on points earned, users can refer to the order summary. For a detailed breakdown, simply click on the small 'information' icon. With the introduction of even more ways to earn GrabRewards within the platform, Grab is also streamlining the GrabRewards multiplier, so every user can earn GrabRewards whether they are a GrabUnlimited user or not. Here is a summary of GrabRewards' points system, effective Aug 22:
Bangkok Post
3 days ago
- Bangkok Post
Former political prisoner Somyot laments harsh reality of ride-hailing work
Labour activist and former political prisoner Somyot Pruksakasemsuk has reignited debate about gig-worker exploitation, revealing that he earned just 320 baht from a full day working as a ride-hail driver. He laid the blame on high platform deductions and rising costs overall. Posting on his Facebook page, Somyot shared insights as a ride-hail driver working eight-hour shifts. He lamented that after a full day on the road, the ride-hailing platform deducted 40% of his earnings, leaving him with just 900 baht. Once he factored in 500 baht for petrol and 80 baht for a single meal, he was left with 320 baht for a day's labour. He wrote, "However hard life gets, I refuse to give up. Today, I have to struggle and turn to full-time platform driving." He questioned how working people could maintain any sense of dignity when left with so little, while platform companies reap billion-baht profits each year. Somyot is widely known as a long-time advocate of labour rights and democratic reforms. Once the editor of the magazine Voice of Taksin, he was convicted and sentenced for lese majeste under Section 112 of the Criminal Code and served six years in prison before his release in 2018. He has since resumed his activism with the "24 June Democracy Group". In response, Grab said Somyot was classed as a GrabCar driver, not a food delivery rider, and that the standard maximum commission Grab takes is no more than 25%. Grab was asking Somyot for further clarification and looking to clear up any misunderstanding over platform deductions. Asst Prof Kritsada Theerakosonphong of Thammasat University has warned that current laws wrongly label riders as 'semi-independent', denying them key protections like accident insurance even as they face company rules and real job risks. He has called for reform so riders receive the same welfare as regular workers, with companies made responsible for their safety. The incident has highlighted the broader challenges facing ride-hailing drivers and gig workers, many of whom continue to grapple with high commissions, rising operating costs, and the struggle to earn a living wage in today's platform-driven economy.
